Antonelli Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,816 shares of the financial services provider's stock, valued at approximately $4,031,000. JPMorgan Chase & Co. makes up approximately 3.4% of Antonelli Financial Advisors LLC's holdings, making the stock its 10th biggest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Whittier Trust Co. of Nevada Inc. lifted its position in shares of JPMorgan Chase & Co. by 3.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 306,563 shares of the financial services provider's stock worth $73,486,000 after buying an additional 11,502 shares during the period. RWQ Financial Management Services Inc. boosted its stake in JPMorgan Chase & Co. by 18.7% in the fourth quarter. RWQ Financial Management Services Inc. now owns 101,369 shares of the financial services provider's stock worth $24,299,000 after purchasing an additional 15,952 shares in the last quarter. Holderness Investments Co. grew its holdings in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Holderness Investments Co. now owns 27,903 shares of the financial services provider's stock worth $6,689,000 after purchasing an additional 411 shares during the last quarter. HUB Investment Partners LLC lifted its position in JPMorgan Chase & Co. by 6.6% during the 4th quarter. HUB Investment Partners LLC now owns 141,533 shares of the financial services provider's stock worth $33,927,000 after buying an additional 8,811 shares in the last quarter. Finally, Whittier Trust Co. increased its position in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Whittier Trust Co. now owns 609,496 shares of the financial services provider's stock valued at $146,102,000 after acquiring an additional 1,823 shares in the last quarter. 71.55% of the stock is owned by institutional investors.
JPMorgan Chase & Co. Stock Up 1.2 %
NYSE JPM traded up $2.81 on Monday, reaching $245.66. The company had a trading volume of 13,598,748 shares, compared to its average volume of 9,360,583. The company's fifty day moving average is $257.27 and its 200-day moving average is $241.05. The firm has a market capitalization of $686.89 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts' consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.04 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 4th will be issued a $1.40 dividend. This is a boost from JPMorgan Chase & Co.'s previous quarterly dividend of $1.25. This represents a $5.60 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, April 4th. JPMorgan Chase & Co.'s dividend payout ratio is currently 28.37%.
Insider Transactions at JPMorgan Chase & Co.
In related news, insider Robin Leopold sold 1,250 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now owns 50,377 shares of the company's stock, valued at $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,848 shares of company stock worth $19,987,908 over the last quarter. Company insiders own 0.79% of the company's stock.
Wall Street Analysts Forecast Growth
JPM has been the topic of several research analyst reports. Wolfe Research raised shares of JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target on the stock in a research note on Friday, January 3rd. UBS Group increased their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Robert W. Baird upgraded JPMorgan Chase & Co. from an "underperform" rating to a "neutral" rating and raised their price target for the company from $215.00 to $220.00 in a report on Friday, March 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a "market perform" rating in a report on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $252.89.
Check Out Our Latest Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Company Profile
(
Free Report)
JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.
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